For full-year 2012, management is currently targeting:
- Total revenue of approximately $70 million with a gross product margin of 52%
- Total operating expenses of 46% of total revenue. By expense line item, sales and marketing to be 14% of total revenue, research and development to be 23% of total revenue, and general and administrative to be 9% of total revenue
- GAAP net income of approximately $0.03 per share for the full-year 2012
“Accelerating our revenue generation is our highest priority, despite the near-term industry softness. To that end, we will invest in revenue generating resources as needed while not compromising our profitability objective,” Balzer added. “We made tremendous progress toward transforming the company on many levels in 2011, all of which place us in a strong position to achieve our ambition to scale well into the future,” Balzer concluded.
Management will conduct a conference call to discuss fourth quarter results today at 5:00 PM Eastern Time/4:00 PM Central Time. The call will be webcast, which can be accessed via a link on the Ramtron website home page. To access the webcast, investors should go to the home page of the Ramtron site at www.ramtron.com and click on the teleconference link. From this site, you can access the teleconference webcast, assuming that your computer system is configured properly. A webcast replay will be available for one year, and a telephonic replay will be available from 8:00 PM Eastern time/7:00 PM Central time on February 22 until 11:59 PM Eastern time/10:59PM Central time on March 1. To listen to the replay, please dial 617-801-6888, conference ID #73454137.About Ramtron Ramtron International Corporation, headquartered in Colorado Springs, Colorado, is a fabless semiconductor company that designs, develops and markets specialized semiconductor memory and integrated semiconductor solutions used in a wide range of product applications and markets.